Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead

In China’s push for self-reliance in artificial intelligence, DeepSeek and Huawei have teamed up to develop software tools for advanced chips.

For years, Chinese manufacturers have viewed Southeast Asia as a way to reduce exposure to higher US duties on goods made in China. But a new round of tariff cuts proposed by Washington and Beijing could weaken that incentive for some products, potentially changing the economics of the strategy. Under the new US-China Board of Trade, more than 90 per cent of Chinese products on a list of goods worth US$30 billion – mostly everyday consumer items, such as toys and household goods – would return...

Malaysia’s capital topped a global pollution ranking on Wednesday and nearby Singapore came in third, with smoke from wildfires in neighbouring Indonesia blamed for the unhealthy conditions. A milky haze has shrouded the cities for more than a month as smoke drifted from fires on Borneo and Sumatra islands. Kuala Lumpur was the world’s most polluted major city early on Wednesday, according to Swiss monitor IQAir, with an Air Quality Index (AQI) reading of 166. Singapore ranked third at 155. The...

The US artificial intelligence giant Anthropic has warned of the potential danger posed by Chinese firm Z.ai’s GLM-5.3, with the open-weight model showing a troubling mix of powerful hacking abilities but weak safety constraints. GLM-5.3 almost matches Anthropic’s most advanced model in terms of its cyber capabilities, but has far weaker safeguards, meaning there is greater potential for the model to be co-opted by bad actors, according to the San Francisco-based firm. In a report released on...

Indonesia is pursuing plans to make public schools free at all levels, stretching from kindergarten to university, but mounting pressure on the state budget could hinder the government from pulling off the massive undertaking, analysts have said. President Prabowo Subianto summoned his ministers last week to discuss a plan to “accelerate the implementation of free education in public schools”, according to a statement released by cabinet secretary Teddy Indra Wijaya on September 23. “Free...

In Turkey, people who have recently lost loved ones hire doughnut makers to hand out fried dough balls, known as lokma, to honor the dead and spread their blessings.

A hunger crisis could creep up on Southeast Asia if the region does not guard against export restrictions amid a fertiliser shortfall, International Chamber of Commerce (ICC) Secretary General John Denton has warned. On the sidelines of the Future of Trade Forum in Singapore on Wednesday, Denton urged the city state, as the next Asean chair, to prioritise the “sleeper issue” for the region. He argued that the real story centred on food, despite the Strait of Hormuz gridlock being widely seen as...

Subscribers: The Daily Pulse won’t be published on October 1, which is China’s National Day. We will resume publication on Friday, October 2. US President Donald Trump has again ruled out collaborating with China on artificial intelligence (AI), arguing that it would undermine American leadership in the technology. Cooperation would let China “immediately gain access to things that we know that they don’t know”, Trump told reporters on Tuesday. “We’re leading now over China and everyone else,...

Apple has claimed the top spot in China’s smartphone market following the release of its iPhone 18 Pro series, giving a potential boost to a sluggish handset market weighed down by weak consumer demand and soaring component costs. Sales of the new Pro models in their first three days after launching on September 18 were 12 per cent higher than sales of the iPhone 17 Pro line-up during its entire first week last year, according to a report published on Wednesday by Counterpoint Research. That...

Residents of a district in the South Korean capital of Seoul are up in arms over plans to build a permanent school for North Korean defectors in their neighbourhood. The dispute escalated to the point where the school’s principal dropped to her knees to beg protesters to “embrace the children”, the Korea JoongAng Daily reported. Yeomyung School, which educates middle and high school students who fled North Korea or are children of North Korean defectors, has been unable to afford its own...

Shivanjali Singh has worked hard to raise two healthy, athletic children in India, but worries about their ability to resist the lure of junk food constantly surrounding them. Her children, aged 14 and 10, are national-level skaters and have grown up on home-cooked food and drinks such as coconut water rather than fizzy drinks and crisps. Yet Singh, who lives in Noida in the National Capital Region, sees sugary drinks and unhealthy snacks everywhere from school surroundings to sports...